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Data Insights
ASX 200 stocks hitting fresh 52-week highs and lows – Week 10
By
Kerry Sun
Mon 04 Mar 24, 10:59am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Leading sectors such as Financials, Discretionary and Industrials continue to dominate the 52-week high list
- Shares in reporting season winners like Wesfarmers, Lovisa and Ventia Services continue to drift higher
Welcome back to the 52-week Series – A recap of ASX 200 stocks that have tagged a fresh yearly highs and lows in the past week.
52-Week Highs and Lows by Sector
Financials: 8 Highs, 0 Lows
Discretionary: 7 Highs, 1 Low
Industrials: 6 Highs, 0 Lows
Materials: 5 Highs, 2 Lows
Technology: 5 Highs, 0 Lows
Energy: 2 Highs, 0 Lows
Communication Services: 2 Highs, 1 Low
Real Estate: 1 High, 0 Lows
Health Care: 1 High, 2 Lows
Staples: 1 High, 1 Low
Why do 52-Week Highs and Lows Matter
Here are some of the key points our first 52-Week article:
A research thesis by Thomas J. George and Chuan-Yang Hwang titled The 52-Week High and Momentum Investing concludes that stocks nearing their 52-week high tend to outperform in the future, surpassing the predictive power of past returns.
US trader Mark Minervini also notes that “when you see a growing number of names in a particular industry making new 52-week highs (especially coming off a market low), this could be an indication that a group advance is underway.”
1851 Capital Chief Investment Officer Chris Stott says the numbers are useful in helping to determine which stocks have the momentum to keep making fresh highs. The data is used to identify continuous winners and generate fresh ideas.
What Does the Data Tell Us
Different week, same sectors: Leading sectors such as Financials, Discretionary and Industrials continue to dominate the 52-week high list. These sectors have maintained an upward trajectory over the past 4-5 months, with the momentum further reinforced by robust earnings during February reporting season.
The power of results: A $75bn market cap giant like Wesfarmers rallied 5.0% on the day of its full-year results (15 Feb) and gained as much as 8.5% over the next eight sessions. We've seen similar trends take place for other discretionary winners like Lovisa and Ventia Services
Industrial momentum: Two weeks ago, we noted the "broader number of industrial names beginning to appear in the 52-week highs list." This list continues to see a number of reporting season winners trend higher, notably Reece, Reliance Worldwide and NRW Holdings.
Financials at 52-Week Highs
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Netwealth Group | $19.41 | Financials | 1.4% | 43.1% | |
Westpac | $26.41 | Financials | 1.8% | 21.5% | |
ANZ | $28.75 | Financials | 1.6% | 20.6% | |
Suncorp | $15.33 | Financials | 1.3% | 20.4% | |
National Australia Bank | $34.04 | Financials | 0.5% | 16.8% | |
QBE Insurance | $17.32 | Financials | 2.8% | 15.1% | |
Block Inc | $121.81 | Financials | 3.3% | 6.6% | |
Macquarie | $194.34 | Financials | 0.7% | 4.8% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 1 March 2024 close
Discretionary Stocks at 52-Week Highs
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Light & Wonder | $154.65 | Discretionary | 11.3% | na | |
Wesfarmers | $66.39 | Discretionary | 2.2% | 38.2% | |
Harvey Norman | $5.00 | Discretionary | 6.4% | 34.8% | |
Lovisa | $31.97 | Discretionary | 9.6% | 33.2% | |
ARB Corp | $41.37 | Discretionary | 3.2% | 32.9% | |
Aristocrat Leisure | $46.75 | Discretionary | 4.3% | 27.4% | |
Premier Investments | $30.06 | Discretionary | 3.1% | 11.2% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 1 March 2024 close
Industrials at 52-Week Highs
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Reece | $27.30 | Industrials | 13.3% | 72.5% | |
Ventia Services | $3.80 | Industrials | -0.3% | 65.2% | |
Smartgroup Corp | $10.58 | Industrials | 3.5% | 60.3% | |
Reliance Worldwide | $5.54 | Industrials | 5.1% | 57.4% | |
Brambles | $15.16 | Industrials | -0.7% | 15.8% | |
NRW Holdings | $3.05 | Industrials | 3.7% | 13.4% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 1 March 2024 close
And Everything Else
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
News Corp | $42.39 | Communication Services | 0.3% | 66.6% | |
Car Group | $36.30 | Communication Services | 2.7% | 64.8% | |
Viva Energy | $3.71 | Energy | 5.7% | 21.6% | |
Ampol | $37.40 | Energy | -3.1% | 20.5% | |
Cochlear | $336.50 | Health Care | -2.1% | 50.7% | |
James Hardie | $61.28 | Materials | 4.1% | 101.1% | |
CSR | $8.83 | Materials | 5.4% | 75.9% | |
Sandfire Resources | $7.60 | Materials | 4.1% | 25.8% | |
Brickworks | $29.46 | Materials | 1.7% | 24.2% | |
Orica | $16.95 | Materials | 0.1% | 4.5% | |
Goodman Group | $30.48 | Real Estate | 6.1% | 59.1% | |
Bega Cheese | $3.97 | Staples | -7.9% | 16.4% | |
Megaport | $14.51 | Technology | 3.5% | 163.8% | |
Life360 Inc | $11.30 | Technology | 43.6% | 135.9% | |
Xero | $134.93 | Technology | 12.5% | 78.4% | |
NextDC | $16.77 | Technology | 10.6% | 66.1% | |
Wisetech | $94.29 | Technology | 7.2% | 49.8% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday, 1 March 2024 close
Stocks at 52-Week Lows
Ticker | Company | Close Price | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Nine Entertainment | $1.68 | Communication Services | -3.2% | -9.9% | |
IDP Education | $19.22 | Discretionary | 3.6% | -31.0% | |
Healius | $1.17 | Health Care | -14.6% | -51.8% | |
Nanosonics | $2.77 | Health Care | -11.5% | -38.0% | |
Coronado Global | $1.41 | Materials | 4.4% | -27.1% | |
Newmont Corp | $48.40 | Materials | 3.8% | na | |
Woolworths | $32.97 | Staples | 0.6% | -9.6% | |
APA Group | $7.88 | Utilities | -3.7% | -25.2% |
Data shows any stock to have hit a 52-week low in the past week. Share price and performance as at Friday, 23 February close
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